1 Unstoppable Stock That Can Double Within Five Years to Join the $1 Trillion Club
Management has a big goal and a solid plan to get there.
The $1 trillion club has invited quite a few new members through its doors since Apple first broke through its threshold in 2018. Ten companies traded on U.S. stock exchanges have qualified for membership since, and that number should continue to grow over time as the world economy expands.
But predicting the next member of the club isn't easy. For example, few saw Nvidia growing beyond a $1 trillion valuation by 2023, fueled by the recent breakthroughs in generative artificial intelligence (AI). It's now a $3 trillion company. One company, however, has its sights set on joining, and management thinks it can reach a $1 trillion level by 2030.
While management typically shouldn't operate a business with a goal of reaching a certain stock price, this company has a systematic approach to increasing earnings every year, and it should eventually push it to double its stock price and reach a $1 trillion valuation. Here's why Netflix (NASDAQ: NFLX) could be one of the next members of the vaunted club.
